Annual Report for FY 2025-26

REDTAPE LIMITED OZARK Registered Office Plot No. 08, Sector 90, Noida, Gautam —— REDTAPE — Buddha Nagar, Uttar Pradesh - 201305 India Tel : +91 120 6994444 | +91 120 6994400 CIN : L74101UP2021PLC156659 Web : www.redtape.com August 01, 2026 E-mail : info@redtapeindia.com ‘National Stock Exchange of India Limited BSE Limited 1# Floor, New Trading Ring Exchange Plaza, 5% Floor Plotno. C-1, G Block, PR ho it ru on zd ea J B eu ci jl ed ei bn hg o y Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai-400 001 Mumbai 400 051 NSE Symbol: REDTAPE Serip Code: 543957 Sub: Annual Report for the Financial Year 2025-26 along with Notice convening the 5* Annual General Mecting of REDTAPE Limited Dear Sir/Ma’am, A Vn B in dnc euo oalm lp o Cl oGsi nea e fnn eedc rre e a h nlw e c i r iMt e neh w ge it /tth i Oe h n t R gt he h eg oe rf u A l Atna uhnt dei u i o a C on l o V3 mR i4 pe s a upo ao nf lr y tS M E so eB cf aI h ne t( sh dL e u i (ls C e Ot o di Am n t Vg p o Ma O bb n )el y i ph g uf ea ro lt sr di u o t aon h nns e t Ta F tun i on e d ra s enD d lci a eis y vac , all n o 2 tys 5eu c%a ir r re A c 2 uR u l0e g a2q u r5u s s-i t i2r se 6 2 sm 0 uae 2 cln d6ot n bs ag y) t w 1 tR i he 1 etg : hu 3 Ml 0 ita nht A iei M s o N tn .o rs t y, (i I o2 c S f0 e T 1 C)5 o o , f t r h ptp r ohl o ree u aa 5 g ls *e h e Affairs and the Securities and Exchange Board of India (“SEBI”). I s tn e h n et t e C tr ohm mrs p oo auf g n h ya f /co - r Dme eas pia oli s d t i o tc oi t rr h ic e el sMa r e Ps am, rb tN e io crt isi pc aw ne ih o (o sf s ) t e h a e e n - dA m taG hi elM pI ha D yn s sd ia crA aen l n r cu e oga pil is etR e se r p oeo fd r twt hi ef ho sr at t h mh e ee R wF e ii g ln i la s n t bc r ei a a prl r 1 oY 0 v e a ia n dr eI d2 s 0 s t2 u oe 5 t - & h2 e 6 S m ha ear mc r b ee e n T rc r sl ao n os s ne f d e r r ea qAn ugd ee snb tle .t i n og f P c Mou enr ets tau iia nnn git n agt h R e te hwg eeu l Aba - nt l ni i uo n an k i3 Rn6 ec( pl1 ou) rd( i tb n) cg ao t nf h e bS eeE xB aa cI c t e( spL sai es t dt h i ion sg f tO ehb iel i w gg e a sbt esi nio tt n e 1s o a f n t ed h seD hCi as o rc cml hpo oas lu dnr eye swR h we e hq r ou ei r ete hm eee an N it o ls t i) ic deR e aog rfu el t na h ot e ti o 5 rn t es sn2 tn e0 u r1 a e5 l d, wGa ie tnl hee rt tt a he l er Company/RTA/Depository participant(s). oRF fuu lr tet hsh e,e mr 2 e, 0i m1n b4t e ( rr a sm ss ta o omf e aS n se d tc e t tdi h)o e, in t 1 h v0 e o8 tC eo o f tm ht ph re a unC go y hm h rp a ea s mn ofi tie exs e c T Vt u o, e s2 id0 na g1 y 3 a, a d1n 8d e* -R VAu oul tge iu 2 ns g0 t , do uf 2 0t ih 2 ne 6 C tao hsm tp h Sa e tn hci u Ae t ns - no ( f ufM a ldan Gta eeg ne t eom ae d ln e t t Me ea r cn m td i nA ned m .ti hn ei es lt ir ga it bi lo in t) y The Notice of the AGM and the Annual Report of the Company is also available on the website of the Company at: https://about.redtape.com/ This is for your kind information and record. Thanking you, Yours faithfully, For REDTAPE Limited Akhilendra Bahadur Singh Company Secretary & Compliance Officer Encl: &/a Works :;-4';‘5. 36, 37, Sector- 59, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201301 Tel : +91 120 4263193 ulk Land, UPSIDC Industrial Area, Site-ll, NH-27, Distt. Unnao, Uttar Pradesh - 209801 Tel : +91 73111 70114 * Plot No. No. 18-19, Nand Nagar Industrial Estate Phase-1, Mahuakheraganj, Kashipur, Udham Singh Nagar, Uttarakhand - 244713 Tel : +91 70552 21530 2025-26 ANNUAL REPORT Time to Step Up REDTAPE LIMITED WWW.REDTAPE.COM Download the digital version of this Report from www.redtape.com S'TAHW EDISNI Corporate Overview 02 Time to Step Up 04 FY 2025-26 Highlights 06 About RedTape Limited 08 Our Guiding Philosophy 09 Our Subsidiaries 10 Chairman’s Message 12 Managing Director’s Message 14 Whole-Time Director’s Message 16 Chief Financial Officer’s Message 18 Our Journey 20 Brand Portfolio 22 Our Strengths 24 Domestic Footprint 26 International Footprint 28 Theme Note 30 Our Consumer Proposition 32 One Platform. Many Growth Lanes. 34 From Footwear to Lifestyle 36 Retail Runway 38 Omnichannel Reach 40 Capital-Light Business Model 42 Supply Chain 44 Brand Experience 46 Brand Engagement 50 People and Culture 52 Corporate Social Responsibility 54 Corporate Governance 56 Board of Directors 58 Financial Highlights 60 Awards and Recognition 62 Corporate Information STATUTORY REPORTS 63 Directors’ Report 85 Management Discussion & Analysis 96 Corporate Governance Report 120 Business Responsibility & Sustainability Report Financial Statements 158 Standalone Financial Statements 241 Consolidated Financial Statements 321 Notice Time to Step Up Every brand reaches a point tomorrow’s preferences when momentum must translate before they fully arrive. It is into a larger ambition. For us to bring freshness without at RedTape, that moment has losing consistency, expand arrived. with discipline and deepen We have built our success on relevance without drifting from trust, style, comfort and value. the brand’s core. It also means What began with footwear has reinforcing the systems, steadily grown into a wider channels and operating lifestyle proposition, shaped backbone that allow growth to around the aspirations of a become more sustainable. fast-changing India. Today’s FY 2025-26 reflected this consumer is more expressive, direction with clarity. We served more informed and increasingly more occasions, reached more drawn to brands that match their consumers and strengthened pace of life. They want fashion the platform that supports our that feels current, quality that next phase. The opportunity feels reliable and access that ahead is not only to grow feels effortless. larger, but to become more This is the context in which meaningful in the everyday RedTape continues to evolve. lives of our customers. To step up is to embrace change with confidence. It is to read THE PATH IS CLEAR. THE FOUNDATION IS STRONGER. THE MARKET IS READY. step up. It is time to Annual Report 2025-26 FY 2025-26 HIGHLIGHTS Scale, Strength and Readiness Financial Performance ` 2,415 crore ` 483 crore Revenue from operations EBITDA 19.6% YoY 26.8% YoY 19.0% ` 244 crore EBITDA margin PAT 151 bps 32.4% YoY EBITDA Includes other income Retail and Channel Growth 100+ 12% 10% New stores added Retail same-store Volume growth sales growth (SSSG) 8% ` 1,518 crore ` 755 crore ASP growth Retail revenue E-commerce revenue 19% YoY 17% YoY Operating Backbone Refinishing & 3,00,000 sq. ft. Added at the existing Unnao Packaging Units warehouse Operationalised during the year Myanmar and BIS accreditation Nepal Secured across all footwear import territories Operationalised as sourcing markets Corporate Overview SSttrraatteeggiicc RReevviieeww SSttaattuuttoorryy RReeppoorrttss FFiinnaanncciiaall SSttaatteemmeennttss Brand and Category Additions Ozark Outdoor and adventure category Bond Street One homegrown brands re-launched Eyewear and hard luggage New accessories sub-categories added Annual Report 2025-26 ABOUT REDTAPE LIMITED From Footwear Heritage to Lifestyle Scale RedTape is one of India’s The RedTape brand story began in London in 1994, followed by leading footwear-led lifestyle our launch in India in 1996. In August 2023, following the demerger of the branded consumer business, RedTape Limited was listed companies, built around the independently on BSE and NSE to unlock Shareholder Value. aspirations of the value- This gave us a sharper platform to scale as a focussed branded conscious Indian consumer. consumer business. Our journey began with Today, we serve dailywear, athleisure, semi-formal and outdoor footwear, but over the years, occasions through a growing portfolio of brands and categories. we have evolved into a Our business combines a widening capital-light retail network, wider lifestyle proposition strong e-commerce presence and a shared sourcing, merchandising and distribution platform. This helps us scale across markets and ac [Showing first 8,000 characters — download PDF for full document]